In 2023, the import of electronic printed circuits to Malaysia stood at $2.3097 billion USD. This value represents a 1.59% year-on-year increase from 2022. Over the last two years, the imports have shown moderate growth, with a 1.65% increase in 2022 and a consistent upward trend observed. The five-year compound annual growth rate (CAGR) from 2018 to 2023 was relatively modest at 0.83%, indicating stable but slow growth in this sector.
Forecasted data from 2024 onwards suggest a continued upward trend with an average annual increase of 1.24%. By 2028, the total import value is expected to reach $2.4985 billion USD, marking a growth rate of 6.35% over the five-year period.
Future trends to watch:
- Technological advancements driving demand for newer electronic printed circuits.
- Trade policies impacting global supply chains and import costs.
- Economic conditions influencing purchasing power and industrial output in Malaysia.